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iShares Core £ Corp Bond UCITS ETFIndex, costs, backtest, listings and taxation

ISIN: IE00B00FV011Ticker: 2B7Q (Xetra) · SLXX (London SE) · SLXX (SIX)Issuer: iShares
Issuer-declared data
Declared index
iBoxx GBP Liquid Corporates Large Cap Index
TER
0.20%
Transaction costs
0.02% (issuer estimate, from the KID)
Management
Passive (index-tracking)
Income policy
SFDR
Article 6 — does not promote specific ESG characteristics what does it mean?
Fund assets
1.5 bn EUR
NAV
119.59 GBP (1 September 2026)
Domicile
Ireland
Inception date
29 March 2004
Data as declared by iShares in the issuer’s official files and endpoints · collected on 2 September 2026 (monthly refresh). Facts only, no recommendation.
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Description

iShares Core £ Corp Bond UCITS ETF tracks the issuer-declared index: iBoxx GBP Liquid Corporates Large Cap Index. The declared annual cost (TER) is 0.20%, plus 0.02% in transaction costs estimated by the issuer in the KID. Replication is optimised physical replication (the KID declares optimisation techniques to achieve a return similar to the index); income is distributed to investors. The fund has assets of about 1.5 billion euro, was launched on 29 March 2004 and is domiciled in Ireland.

The fund’s objective — in the issuer’s words

The Share Class is a share class of a Fund which aims to achieve a return on your investment, through a combination of capital growth and income on the Fund’s assets, which reflects the return of the Sterling denominated investment grade bond market. The Fund aims to produce a return on your investment which reflects the return of the iBoxx GBP Liquid Corporates Large Cap Index, the Fund’s benchmark index (Index). The Share Class, via the Fund is passively managed and aims to invest so far as possible and practicable in the fixed income (FI) securities (such as bonds) that make up the Index and comply with its credit rating requirements. If the credit ratings of the FI securities are downgraded, the Fund may continue to hold them until they cease to form part of the Index and it is practicable to sell them. The Index measures the performance of the most liquid (i.e. bonds that can be easily bought and sold in the market in normal market conditions) Sterling denominated bonds which are issued by companies. The bonds will, at the time of inclusion in the Index, be investment grade (i.e. meet a specified level of creditworthiness). Each issuer of bonds in the Index is capped at 4%. Only bonds with a minimum remaining time to maturity of one year, a minimum outstanding issuance of £750 million and have at least £300 million face value per individual bond are included in the Index. Further details regarding the Index (including the methodology and its constituents) are available on the Index provider’s website at products.markit.com/indices/UCITS/Indices.aspx. The Fund uses optimising techniques to achieve a similar return to its Index. These may include the strategic selection of certain securities that make up the Index or other FI securities which provide similar performance to certain constituent securities. These may also include the use of financial derivative instruments (FDIs) (i.e. investments the prices of which are based on one or more underlying assets). FDIs may be used for direct investment purposes. The Fund may also engage in short-term secured lending of its investments to certain eligible third parties to generate additional income to off-set the costs of the Fund.

Keep reading the KID section ▾

The price of fixed income securities may be affected by changing interest rates which in turn may affect the value of your investment. Fixed income securities prices move inversely to interest rates. Therefore, the market value of fixed income securities may decrease as interest rates increase. The credit rating of an issuing entity will generally affect the yield that can be earned on fixed income securities; the better the credit rating the smaller the yield. The relationship between the return on your investment, how it is impacted and the period for which you hold your investment is considered below (see “How long should I hold it and can I take my money out early?”).

The depositary of the Fund is The Bank of New York Mellon SA/NV, Dublin Branch. Further information about the Fund can be obtained from the latest annual report and half-yearly reports of the iShares plc. These documents are available free of charge in English and certain other languages. These can be found, along with other (practical) information, including prices of units, on the iShares website at: www.ishares.com or by calling +49 89427295800 or from your broker or financial adviser.

Your shares will be distributing shares (i.e. income will be paid on the shares quarterly). Your shares will be denominated in Sterling, the Fund's base currency. The shares are listed and traded on various stock exchanges. In normal circumstances, only authorised participants may buy and sell shares directly with the Fund. Investors who are not authorised participants (e.g. select financial institutions) can generally only buy or sell the shares on the secondary market (e.g. via a broker on a stock exchange) at the then prevailing market price. The value of the shares are related to the value of the underlying assets of the Fund, less costs (see “What are the costs?” below). The prevailing market price at which the shares trade on the secondary market may deviate from the value of the Shares. Indicative net asset value is published on relevant stock exchanges websites.

Intended retail investor:The Fund is intended for retail investors with the ability to bear losses up to the amount invested in the Fund (see “How long should I hold it and can I take my money out early?”).

Insurance benefits:The Fund does not offer any insurance benefits.

From the KID’s “Objectives” section · 2 September 2026 · original document ↓
Text generated from the data the issuer declares in official product lists. No recommendation.

Quick reads

  • TER 0.20%: above the median of bond ETFs we track (0.15%).
  • Assets larger than 89% of bond ETFs we track.
  • Average tracking difference over the last 3 years: -0.19% p.a., against a declared TER of 0.20%.
Comparisons computed by Rebalix on the declared data in our census; they describe the past and are not indicative of future results.

Official documents

Key Information Document (KID)PDF in English, from the issuer’s site — always the latest filed versionProspectusPDF in English, from the issuer’s site — the fund’s full legal documentFactsheetPDF in English, from the issuer’s site — the fund’s monthly snapshot
The KID is the document the law requires you to read before investing: 3 pages covering risks, costs and scenarios. The link opens the issuer’s published PDF.

Fund performance

issuer-declared net asset value (NAV) · GBP · from Mar 2004 to Aug 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+120.9%
Annualised
+3.6%
Volatility (ann.)
5.9%
Max drawdown
-30.27%
-12%+28%+68%+108%+148%Mar 2004Oct 2009May 2015Dec 2020Aug 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+121%Mar 2004Aug 2026
Note — currency risk: the fund is denominated (or hedged) in GBP and the chart is in GBP. For a euro investor, returns also depend on the EUR/GBP exchange rate, up or down.
Tip: drag across the chart to zoom into a period.

Drawdown — distance from previous peak

This isn’t the return: it shows how far the fund is below its previous peak. 0% = you’re at the peak; below zero = how much you’re down and haven’t recovered yet.
0%-10%-20%-30%-40%-50%20042007201020132016201920222025−30.27% · 12 Oct 2022
Max drawdown
-30.27%
peak → trough
Trough
12 Oct 2022
from the 04 Jan 2021 peak
Recovery time
not yet
recovery only: trough to break-even
Underwater
2,065 days
decline + recovery: peak to break-even · ≈ 5 years and 8 months · (ongoing)

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
04 Jan 202112 Oct 2022-30.27%ongoing2,065
01 Dec 200626 Mar 2009-23.06%05 Oct 20091,039
06 Mar 202019 Mar 2020-13.55%16 Jun 2020102
11 Aug 201623 Nov 2016-8.49%20 Mar 2019951
02 May 201324 Jun 2013-8.39%21 Jul 2014445

Calendar-year returns

2016
13.2%
2017
4.3%
2018
-2.6%
2019
11.2%
2020
8.9%
2021
-4.1%
2022
-18.8%
2023
9.3%
2024
1.2%
2025
6.8%
2026
0.0%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20260.21.1-3.40.31.90.6-1.30.50.0
20251.10.4-1.31.4-0.21.80.3-0.50.92.20.10.56.8
2024-1.2-0.71.7-2.00.90.71.60.30.3-1.21.4-0.51.2
20233.9-2.60.90.2-2.6-1.22.5-0.20.0-0.23.74.89.3
2022-3.4-2.6-0.9-3.3-1.4-3.53.7-6.6-8.74.84.2-1.9-18.8
2021-1.3-3.5-0.30.80.20.91.6-0.2-2.50.61.1-1.2-4.1
20203.0-0.9-7.56.90.81.71.9-1.00.40.22.01.78.9
20192.10.22.60.00.71.62.51.5-0.1-0.2-0.20.011.2
2018-0.9-1.30.5-0.10.1-0.50.20.6-1.10.4-2.01.4-2.6
2017-1.42.80.10.61.4-1.40.81.4-2.10.5-0.11.84.3
20160.7-0.73.60.71.23.15.93.4-1.9-4.0-1.52.613.2
20155.8-3.21.2-2.30.4-3.22.1-1.5-0.20.22.1-1.2-0.1
20142.10.5-0.41.41.5-0.50.63.3-0.70.62.51.513.2
2013-1.20.81.53.4-2.1-4.72.6-0.90.92.2-1.4-0.8-0.1
20122.20.8-0.7-0.42.30.44.60.70.90.70.9-0.013.0
2011-0.81.20.72.80.3-1.72.8-2.21.02.7-2.03.07.8
20102.4-1.02.60.8-0.81.01.54.8-0.7-0.7-3.70.56.5
2009-3.6-2.7-5.43.46.34.14.94.71.40.21.4-1.513.1
2008-1.4-2.4-1.62.40.1-1.71.81.6-7.7-3.41.61.5-9.4
2007-0.81.9-1.6-0.1-0.7-1.80.30.30.31.1-1.81.6-1.5
20060.50.0-1.4-0.90.4-0.91.10.90.41.40.1-1.20.3
20050.90.4-1.30.72.22.1-0.31.7-0.5-0.41.71.69.0
2004-1.1-1.61.10.52.01.31.12.00.56.5
From month-end NAVs, over the fund’s full history, on the series shown in the chart (dividends reinvested where declared). Deeper colour = larger move.
Issuer-declared series with dividends reinvested: the total performance, comparable with accumulating funds. Switch it off to see the price (NAV) alone, which drops at every dividend payment.
Source: iShares. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available July 2026 — for later days the index stays at the last published value (institutes publish with a few weeks’ lag). The «adjusted for inflation» view expresses value in today’s purchasing power for the selected country; volatility always stays nominal, as elsewhere on the site (deflating it would add artificial swings caused by the monthly cadence of the price index). Past performance is not indicative of future results: these are facts, not a recommendation.

Tracking difference — fund vs index

How much the fund returned above (+) or below (−) its index, year by year. It measures the actual deviation: the combined effect of costs (TER and transaction), securities-lending revenue and replication optimisations — which is why it can beat the TER. Tracking difference was positive in 1 of the last 10 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
-0.19% /anno
Declared TER
0.20%
YearFundIndexDifference
2025+6.80%+6.99%-0.19%
2024+1.25%+1.42%-0.18%
2023+9.31%+9.50%-0.19%
2022-18.78%-18.91%+0.13%
2021-4.06%-3.73%-0.32%
2020+8.92%+9.07%-0.14%
2019+11.16%+11.28%-0.13%
2018-2.59%-2.41%-0.18%
2017+4.30%+4.52%-0.22%
2016+13.25%+13.31%-0.06%
Total-return figures from issuer-declared series (primary source); complete calendar years. TD is not comparable across sites using different methodologies or index variants. Past performance is not indicative of future results. What is tracking difference? →

Risk indicators· EUR

Last yearLast 3 yearsLast 5 yearsLast 10 yearsFull history
Volatility (ann.)6.42%6.74%8.84%9.01%9.57%
Max drawdown-4.67%-8.65%-32.74%-34.01%-53.16%
Sharpe-0.47-0.33-0.82-0.37-0.30
Sortino-0.61-0.43-1.08-0.50-0.40
Computed from the daily NAV series, always in nominal terms. Sharpe and Sortino use the ECB main refinancing rate averaged over the period (last year: 2.21%), weighted by days in force, as the risk-free rate. Same formulas as our public methodology: sample standard deviation annualised over 252 days; Sortino with downside deviation. Past performance is not indicative of future results. Figures in EUR — series converted day by day at ECB reference rates; the table follows the currency selected in the chart.

Duration and maturities

Duration · effective duration
5.48years

Price sensitivity to rates: the longer, the more the fund moves. What is duration →

Maturity breakdown (% of fund)
0–1 years
0.09%
1–2 years
12.14%
2–3 years
10.86%
3–5 years
19.48%
5–7 years
19.11%
7–10 years
11.43%
10–15 years
13.80%
15–20 years
7.36%
20+ years
5.78%
Cash and derivatives
-0.04%

Source: product page iShares, data as of 20 August 2026. Values as declared by the issuer, not computed by us; updated with the monthly document.

Credit rating

How the portfolio is spread by credit quality: from AAA (strongest) downwards. More weight in the top buckets = lower risk that an issuer fails to pay, usually with lower yields.

Rating breakdown (% of fund)
AAA
0.50%
AA
9.85%
A
36.44%
BBB
52.93%
BB
0.33%
Cash and derivatives
-0.04%

Source: product page iShares, data as of 20 August 2026. Values as declared by the issuer, not computed by us; updated with the monthly document.

Ratings are those the issuer assigns to portfolio holdings under its own methodology (usually the median of S&P, Moody’s and Fitch); scale and buckets are those of the original document.

Portfolio holdings

Securities in portfolio
565
569 total lines: 4 cash & derivatives
Top-10 weight
4.6%

Top 10 holdings

ELECTRICITE DE FRANCE RegS · EDF
0.55%
ENEL FINANCE INTERNATIONAL SA MTN RegS · ENELIM
0.50%
ELECTRICITE DE FRANCE SA MTN RegS · EDF
0.49%
BANK OF AMERICA CORP MTN RegS · BAC
0.48%
MORGAN STANLEY MTN · MS
0.47%
ALPHABET INC · GOOGL
0.44%
ALPHABET INC · GOOGL
0.43%
AT&T INC MTN · T
0.42%
HSBC HOLDINGS PLC RegS · HSBC
0.41%
ALPHABET INC · GOOGL
0.41%

Sectors

Banking
34.8%
Insurance
10.1%
Communications
8.6%
Utility Other
8.5%
Electric
6.3%
Consumer Cyclical
5.7%
Owned No Guarantee
5.1%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustralia: 1.2%AustriaAzerbaijanBurundiBelgium: 0.5%BeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazilBruneiBhutanBotswanaCentral African RepublicCanada: 1.2%Switzerland: 1.7%ChileChinaIvory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermany: 5.3%DjiboutiDenmark: 1.1%Dominican RepublicAlgeriaEcuadorEgyptEritreaSpain: 1.7%EstoniaEthiopiaFinland: 0.4%FijiFalkland IslandsFrance: 11.6%GabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreeceGreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungaryIndonesiaIndiaIreland: 0.2%IranIraqIcelandIsraelItaly: 2.4%JamaicaJordanJapan: 0.8%KazakhstanKenyaKyrgyzstanCambodiaSouth KoreaKosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourg: 0.3%LatviaMoroccoMoldovaMadagascarMexico: 0.6%MacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysiaNamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlands: 2.9%Norway: 0.4%NepalNew ZealandOmanPakistanPanamaPeruPhilippinesPapua New GuineaPolandPuerto RicoNorth KoreaPortugalParaguayQatarRomaniaRussiaRwandaWestern SaharaSaudi ArabiaSudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakiaSloveniaSweden: 0.9%SwazilandSyriaChadTogoThailandTajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwanUnited Republic of TanzaniaUgandaUkraineUruguayUnited States of America: 22.1%UzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth AfricaZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
United Kingdom44.7%
United States22.1%
France11.6%
Germany5.3%
Netherlands2.9%
Italy2.4%
Spain1.7%
⬇ Download the full portfolio — Excel, 569 rows
Full portfolio declared by iShares, as of 31 August 2026: this is the summary. Percentages may not sum to 100 due to cash, derivatives and rounding.
Fund historyFund-assets (AUM) chart year by year and monthly basket snapshots.Open the history →

Dividends

Latest dividend
1.53 GBP
ex 18 Jun 2026 · paid 30 Jun 2026
Dividends, last 12 months
6.04 GBP
Dividend yield
5.04%
12-month sum over the NAV as of 8 Sept 2026

Yield by year

PeriodDividendsDividend yield
1 year6.04 GBP4.93 %
20255.93 GBP4.90 %
20245.68 GBP4.53 %
20235.08 GBP4.25 %
20223.31 GBP2.19 %
20213.12 GBP1.94 %

Dividend contribution to total return

-30%-20%-10%0%10%+2.82 %1 year+6.61 %2025+1.22 %2024+9.01 %2023−18.68 %2022−4.03 %2021
dividendsprice changeprice decline

Calendar per share (GBP)

YearJanFebMarAprMayJunJulAugSepOctNovDec
20261.521.53
20251.461.481.491.50
20241.381.431.431.44
20231.131.231.361.36
20220.750.820.790.95
20210.800.800.780.74
20200.880.860.850.83
20190.930.950.910.90
20180.940.980.950.89
20171.011.021.020.96
20161.101.111.091.03
20151.121.101.101.14
20141.141.071.171.26
20131.131.271.131.13
20121.391.361.221.21
20111.561.541.491.41
20101.661.651.671.63
20091.911.841.781.69
20082.082.182.211.82
20071.591.991.771.79
20061.801.531.781.76
20051.691.821.931.81
20041.341.831.81

Latest dividends

Per shareEx-dividend dateRecord datePayment
1.53 GBP18 Jun 202619 Jun 202630 Jun 2026
1.52 GBP19 Mar 202620 Mar 202631 Mar 2026
1.50 GBP11 Dec 202512 Dec 202524 Dec 2025
1.49 GBP11 Sept 202512 Sept 202524 Sept 2025
1.48 GBP12 Jun 202513 Jun 202525 Jun 2025
1.46 GBP13 Mar 202514 Mar 202526 Mar 2025
1.44 GBP12 Dec 202413 Dec 202427 Dec 2024
1.43 GBP12 Sept 202413 Sept 202425 Sept 2024
Per-share dividends as declared by the issuer, in GBP, since the first payment (2 Jun 2004). Past dividends are not indicative of future ones.

Share classes of the same fund

This page covers ISIN IE00B00FV011. The other classes belong to the same fund but may differ in currency, income policy or currency hedging.
Share classISINTickerIncomeCurrency
EUR Hedged (Acc)IE000H22E3N8CBU0AccumulatingEUR
USD Hedged (Acc)IE000UCFZI88SLXUAccumulatingUSD
GBP (Dist) · this pageIE00B00FV011SLXXDistributingGBP
Share classes declared by the issuer in official product lists (same fund = same issuer and same declared name). A dash “—” = not declared — not a zero.

Italian taxation

Effective rate on capital gains
26.00%
White-list share
0.00%
From the government-bond («white list») share certified by the issuer every semester: 12.5% on that portion, 26% on the rest.
Deep-dive into this fund’s taxation →

Where it shows up commission-free in Italy

According to the official lists published by the brokers (downloaded and cross-checked by us), these share classes of the fund appear tradable with zero fees:

IE00B00FV0112B7Q(class: GBP (Dist))
  • XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans
Full terms, traps and method in the observatory: Free savings plans and zero-commission ETFs: the broker survey

Official lists verified on 3 September 2026. We record published terms — this is neither an invitation to open accounts nor a recommendation: lists change, the broker’s documents prevail. Trade Republic, Scalable Capital and Trading 212 publish no per-ISIN lists and don’t appear here.

Stock exchange listings

ExchangeTickerTrading since
Börse Düsseldorf2B7Q7 Sept 2017
Börse Hamburg2B7Q14 Dec 2017
Börse Hannover2B7Q9 Dec 2024
Börse München / gettex2B7Q9 Mar 2015
Tradegate Exchange2B7Q27 Nov 2024
+ 6 more trading venues (MTFs and professional platforms).
Trading venues from the official ESMA register (FIRDS); per-exchange tickers from the issuer’s tax documents and official listings. A dash “—” = that venue does not publish the item (ticker, currency or start date) in the sources we read. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker. Non-EU listings (e.g. UK, Mexico) not included.

Frequently asked questions

Which index does iShares Core £ Corp Bond UCITS ETF track?
The issuer iShares declares the benchmark: iBoxx GBP Liquid Corporates Large Cap Index.
How much does SLXX cost?
The issuer-declared TER is 0.20% per year; the transaction costs estimated in the KID are 0.02%.
How is SLXX taxed in Italy?
On sale, the capital gain is taxed at an effective 26.00% rate (white-list share 0.00%): 12.5% on the government-bond “white list” portion, 26% on the rest.
What is the fund size of SLXX?
The fund size declared by iShares is about 1.5 billion euro.
When was SLXX launched?
The fund was launched on 29 March 2004: it has 22 years of history.
How does SLXX replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (optimised) (issuer wording: “Fisica - ottimizzazione (dal KID)”).
Does SLXX pay dividends?
Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Distributing”).
Where does SLXX trade?
Per the official ESMA register it trades on 5 main exchanges, including Börse Düsseldorf (2B7Q), Börse Hamburg (2B7Q), Börse Hannover (2B7Q), Börse München / gettex (2B7Q), Tradegate Exchange (2B7Q).
What was SLXX's worst fall?
Over the available history (since 2004), the maximum drawdown was -36.33%, reached in March 2009. Past performance is not indicative of future results.
What is SLXX's tracking difference?
Over the last 3 complete calendar years the fund returned on average -0.19% per year versus its index (from issuer-declared series).
How many securities does SLXX hold?
The declared portfolio holds 565 securities (plus 4 cash & derivative lines); the top 10 positions weigh 4.6%.
Transparency note
The data in this sheet is declared by iShares in the issuer’s official files and endpoints, collected by Rebalix with a monthly refresh; taxation derives from the issuer’s tax documents (Italian Law Decree 138/2011). This is factual information for informational purposes only: it is not financial or tax advice, nor an investment recommendation. Read the fund’s KID and prospectus before investing.